ActiveBC Ltd. is a CCPC that operates solely in BC. For the 2020 taxation year...
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ActiveBC Ltd. is a CCPC that operates solely in BC. For the 2020 taxation year it had Net Income of $450,000 (consisting of $400,000 in Canadian Active business income and $50,000 in Aggregate Investment Income) and Taxable Income of $300,000. ActiveBC is associated with four other CCPCs and the companies have agreed to an allocation of 20% of the Annual Business Limit each.
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Calculate the Part I tax payable
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